NewAge Industries, Inc., a prominent figure in the fluid transfer systems solutions sector, has recently been honored with a Platinum Medal by EcoVadis, a testament to its unwavering commitment to sustainability. This prestigious recognition places NewAge in the elite top 1% of companies evaluated worldwide, marking a significant leap from its previous gold rating. The assessment, which scrutinizes 21 sustainability criteria across four pivotal themes—Environment, Labor & Human Rights, Ethics, and Sustainable Procurement—underscores NewAge's holistic approach to corporate responsibility.
The achievement is not just a milestone for NewAge but also a beacon for the industry, demonstrating that sustainable practices and business excellence can go hand in hand. Mary Marcus, NewAge's Chief Executive Officer, attributes this success to the company's long-standing dedication to sustainability, rooted in the vision of Ken Baker, who initiated the Employee Stock Ownership Plan nearly two decades ago. This ethos of 'In business to do good; driven to excel' has propelled NewAge to the forefront of sustainability in the biopharma and industrial markets.
For stakeholders and the broader community, NewAge's Platinum EcoVadis ranking is a clear indicator of the company's leadership in sustainable development. It not only enhances NewAge's reputation but also sets a high standard for environmental and social governance in the industry. The recognition serves as a call to action for other companies to elevate their sustainability efforts, showcasing the tangible benefits of integrating ethical practices into core business strategies.
The implications of this announcement extend beyond corporate accolades. It signals a growing industry trend towards sustainability, with potential impacts on supply chain practices, consumer preferences, and regulatory standards. As NewAge continues to collaborate with suppliers and customers on sustainable solutions, its Platinum ranking by EcoVadis serves as both a validation of its efforts and a challenge to the industry to prioritize sustainability in the quest for global excellence.
